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Trump posted multiple tweets regarding the closure of GM's Lordstown Ohio plant today. In those tweets he says he has spoken to GM CEO Mary Barra about his displeasure over the closing of the facility. He said he demanded swift action on either the selling of the plant or reopening it. He further stated the Ms. Barra blamed the UAW for the closure. In a further series of tweets, Trump mentioned that GM and the UAW will be starting talks in September of this year, but that he is impatient with that timeline. Claiming that we have one of the best economies in history, he wants to see the plant opened or sold to another car company. While Lordstown has shuttered on reality, on paper it still needs to negotiate its closure with the UAW during contract negotiations later this year. In a report last week, it appears that General Motors has something in the works for the Lordstown plant that Governor DeWine said could be a possible sale of Lordstown. Some have pondered why Trump is focusing on the Lordstown facility out of all 5 GM plant closures and the answer seems to be in Ohio's status as a presidential election swing state. UAW 1112 President David Green has sent multiple letters to Trump asking for his assistance to help save the facility, but at last report has not heard back from the administration. View full article
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Trump posted multiple tweets regarding the closure of GM's Lordstown Ohio plant today. In those tweets he says he has spoken to GM CEO Mary Barra about his displeasure over the closing of the facility. He said he demanded swift action on either the selling of the plant or reopening it. He further stated the Ms. Barra blamed the UAW for the closure. In a further series of tweets, Trump mentioned that GM and the UAW will be starting talks in September of this year, but that he is impatient with that timeline. Claiming that we have one of the best economies in history, he wants to see the plant opened or sold to another car company. While Lordstown has shuttered on reality, on paper it still needs to negotiate its closure with the UAW during contract negotiations later this year. In a report last week, it appears that General Motors has something in the works for the Lordstown plant that Governor DeWine said could be a possible sale of Lordstown. Some have pondered why Trump is focusing on the Lordstown facility out of all 5 GM plant closures and the answer seems to be in Ohio's status as a presidential election swing state. UAW 1112 President David Green has sent multiple letters to Trump asking for his assistance to help save the facility, but at last report has not heard back from the administration. -
Fuel efficiency guidelines and California's right to set its own vehicle emissions standards are in the crosshairs of the Trump administration again. Bloomberg has learned from sources that the administration will be introducing a proposal later this week that revises key parts of the Obama-era standards. This includes capping federal fuel economy requirements at 2020 level of 35 mpg fleet wide, instead of the 50 mpg requirement by 2025. There is also a provision that would revoke the Clean Air Act waiver given to California that allows it to set its own emission regulations. Sources go onto say that the proposal is in the final stages of a "broad interagency review" being done by the Office of Management and Budget. These changes were first introduced back in April and got massive pushback from various environmental groups, along with the state of California. A month later, a coalition made up of California, Washington D.C. and sixteen other states filed suit against the rollback. Automakers who pushed for the rollback began to panic as this could result in two different emission regulations they would have to meet. Source: Bloomberg View full article -
Fuel efficiency guidelines and California's right to set its own vehicle emissions standards are in the crosshairs of the Trump administration again. Bloomberg has learned from sources that the administration will be introducing a proposal later this week that revises key parts of the Obama-era standards. This includes capping federal fuel economy requirements at 2020 level of 35 mpg fleet wide, instead of the 50 mpg requirement by 2025. There is also a provision that would revoke the Clean Air Act waiver given to California that allows it to set its own emission regulations. Sources go onto say that the proposal is in the final stages of a "broad interagency review" being done by the Office of Management and Budget. These changes were first introduced back in April and got massive pushback from various environmental groups, along with the state of California. A month later, a coalition made up of California, Washington D.C. and sixteen other states filed suit against the rollback. Automakers who pushed for the rollback began to panic as this could result in two different emission regulations they would have to meet. Source: Bloomberg
